Are state retirement plans considered pension plans?

Retirement plans sponsored by states are considered pension plans. There are two types of pension plans to choose from--a defined benefit plan or a defined contribution plan. The benefit plan tells...
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Are all 401(k) plans profit sharing plans?

Not all 401k plans are profit-sharing plans. In most plans, employers contribute a fixed percentage of each employee's contribution as a company-paid match. This match, despite being an amount not ...
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